Found 4 blog entries tagged as BCREA.

BCREA

Bank of Canada Interest Rate Announcement

July 12, 2023

The Bank of Canada raised its overnight rate by 25 basis points to 5 per cent this morning. In the statement accompanying the decision, the Bank noted that the Canadian economy has been stronger than expected but is expected slow as higher interest rate work their way through the economy.  On inflation, the Bank cited the recent easing of inflation to 3.4 per cent but also noted that core inflation continues to run a at 3 to 4 per cent pace and has been more persistent than anticipated.  The Bank now forecasts a return to its 2 per cent target in mid-2025 rather than in 2024. 

While inflation has come down significantly in the past year, the economy seems somewhat impervious to the Bank's…

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The Contract of Purchase & Sale outlines the terms and conditions on which a transaction takes place.  Prepared by the BC Real Estate Association. 

The video provides essential information to help consumers understand the CPS, addressing many common questions they may have, including:

  • When does the process begin and when is the Contract of Purchase and Sale used?
  • What information is included in the Contract of Purchase and Sale?
  • What do the terms in the contract mean?
  • And many more

Denise

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BCREA Market Update COVID-19

 

CLICK HERE to watch BCREA Chief Economist Brendon Ogmundson discuss the February 2020 statistics 

Download the full report by BCREA's Economics Market Intelligence:   Sketching Out the Potential Impact of COVID-19 on the BC Housing Market March 17, 2020.  Click HERE

 Overall Summary Findings:

  • While it's unknown how the unfolding COVID-19 outbreak will impact the economy in the long-term, BC is facing a sudden stop in economic activity with little guidance to when things may return to normal.
  • Based on our scenario analysis, BC home sales and prices will likely face declines in the spring and early summer but should recover along with the wider economy in the second half of the year, contingent on the outbreak resolving.
  • The…

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Conversations on cannabis

Episode 1.  The risks and protecting the value of your home

 

First episode of a 3 part video series brought to us by the BCREA (BC Real Estate Association) featuring REALTOR® and CFAX radio host Tony Joe interviewing mortgage broker trainer Dustan Woodhouse on the risks of growing cannabis when it comes to financing, refinancing and protecting the value of your home.  Six months after the legalization of cannabis in 2018...what do we still need to know and be cautious of.

 

 

What questions do you have around this issue?

 

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